Acquisitions in 2025

Wrist announced the acquisition of Delaware Ship Supply, a maritime supplier based in Camden, New Jersey. The deal expands Wrist’s commercial and operational presence along the U.S. East Coast and Delaware Ship Supply will be rebranded as Wrist Delaware.

PAK Quality Foods LLC, a portfolio company of Cross Rapids Capital, acquired substantially all assets of Vernon Transportation LP and AmTex HR Foods LLP, Inc., operating as H&R Foods. H&R Foods is an employee-owned food distributor based in Amarillo serving foodservice, retail, and institutional customers across multiple states. H&R Foods leaders John and Barry Vernon will continue to run the business under PAK Quality Foods.

Joy Parenting Club announced the acquisition of Heba Care, a digital care management and coordination platform for families navigating complex child health and developmental needs. Joy plans to integrate Heba’s clinically validated tools into Joy’s AI-powered parenting ecosystem to expand access to trusted, 24/7 guidance for parents globally.

Mars, Incorporated announced it has completed the acquisition of Kellanova, bringing together Mars Snacking and Kellanova’s portfolio of snack and cereal brands. The deal, originally agreed on August 14, 2024, was approved by Kellanova shareholders on November 1, 2024, and received all required regulatory approvals as of December 8, 2025.

MANTECH announced the acquisition of Elder Research, a provider of AI and data science solutions, applications, and training serving Fortune 500 and U.S. government clients. Elder Research will join MANTECH’s Data and AI Practice, expanding MANTECH’s AI, automation, and analytics capabilities for federal and commercial missions.

New State Capital Partners completed a majority investment in Harrell-Fish Inc. (HFI), a mechanical contracting provider focused on HVAC and plumbing installation, maintenance, and repair services. The investment was made in partnership with HFI’s existing owners, who retained significant ownership and will continue with the company, and alongside Amethyst Capital Group, LLC. Financial terms were not disclosed.

Arcapita Group Holdings Limited acquired a majority equity stake in C&K Paving, a provider of parking lot maintenance services in the United States. C&K’s President, Founder, and CEO will retain a significant minority stake and continue to lead the business, as Arcapita looks to expand its Essential Business Services portfolio.

Ariel Alternatives, LLC acquired Groome Industrial Service Group, a provider of specialty maintenance solutions for power generation and other industrial and municipal end markets, from Argosy Private Equity. JPMorgan Chase & Co., through its asset management division, made a minority co-investment alongside Ariel Alternatives. Financial terms were not disclosed.

KeyData Cyber, a portfolio company of CIVC Partners, acquired BeyondID, an AI-powered Managed Identity Solutions Provider focused on identity and access management and zero-trust solutions. The transaction expands KeyData Cyber’s advisory, implementation, and managed services capabilities and adds BeyondID’s Identity Command Center platform, strengthening the combined firm’s North American identity security footprint.

Kindsight, a provider of fundraising intelligence software, announced it has acquired Affinaquest, which offers advancement CRM and athletics data solutions built natively on Salesforce. The combination aims to strengthen and expand capabilities for fundraising and advancement organizations across higher education, healthcare, enterprise nonprofits, and athletics through enhanced data, analytics, and constituent engagement tools.

Naviant acquired Amitech Solutions to expand its intelligent automation capabilities, particularly in healthcare-focused automation, AI, and data analytics. Amitech Solutions, headquartered in St. Louis, Missouri, will integrate its team and solutions with Naviant to enhance offerings for customers and accelerate agentic automation adoption.

Datacolor announced it has acquired TECHKON USA, a Danvers, Massachusetts-based provider of color measurement technology including ChromaQA software and in-line spectrometers. The deal expands Datacolor’s product offering and strengthens its presence in the printing and packaging market, with TECHKON USA expected to scale globally under Datacolor’s ownership.

Lyse has agreed to bring HitecVision in as a co-owner of Altibox Carrier, with HitecVision acquiring a 50% ownership stake in the business. Altibox Carrier, carved out from Lyse via a joint venture structure, will operate as an independent company focused on expanding high-speed fiber infrastructure serving data centers across the Nordics and Northern Europe.

GreyLion, a U.S.-based private equity firm, announced a new strategic equity investment in Torginol, a manufacturer and marketer of decorative flakes, quartz, and related products used in resinous flooring systems. As part of the investment, Torginol Chairman and Owner Tom Testwuide Jr. will retire, while GreyLion will partner with CEO Jason LaBouve and the management team to support the company’s next phase of growth.

TransDigm Group Incorporated entered into a definitive merger agreement to acquire Servotronics, Inc., which will become an indirect wholly owned subsidiary of TransDigm. A TransDigm subsidiary will launch a cash tender offer for all outstanding Servotronics shares at $38.50 per share, valuing the deal at approximately $110 million including certain tax benefits, followed by a back-end merger at the same price.

Function Health has acquired Ezra and will integrate Ezra’s FDA-cleared AI-powered imaging into Function’s lab-testing-based personal health platform. The combined offering launches a 22-minute, $499 full-body MRI (down from ~60 minutes and over $1,500), aiming to make annual scanning more accessible and enable more predictive, longitudinal healthcare insights.

Sensiba LLP acquired AssuranceLab Pty. Ltd., a high-growth cybersecurity audit and risk assurance firm headquartered in Australia. The deal expands Sensiba’s international reach and strengthens its security, privacy, compliance, and cybersecurity assurance capabilities for a global client base.

Beacon Communications LLC acquired All State Communications, a Minnesota-based provider of advanced technology, communications, and security solutions. The deal expands Beacon’s footprint across the Upper Midwest and strengthens its ability to serve healthcare, government, education, and commercial customers with critical communications and life safety systems.

Visionary Broadband acquired Montana-based internet service provider MTWeb to expand its broadband presence in and around Whitehall, Montana, including Twin Bridges, Pipestone, and Cardwell. MTWeb owner Joel Andrews and two employees will join Visionary Broadband; financial terms were not disclosed.

IDFC FIRST Bank’s board approved a preferential issue of equity capital (CCPS) totaling approximately ₹7,500 crore to two investors: Currant Sea Investments B.V. (an affiliate of Warburg Pincus) and Platinum Invictus B 2025 RSC Limited (a wholly owned subsidiary of ADIA). The capital raise is intended to strengthen the bank’s balance sheet and support its next phase of growth, subject to shareholder and regulatory approvals.

Global Payments agreed to acquire Worldpay from GTCR and FIS for $24.25 billion in cash and stock as part of a cross-conditioned three-way transaction. Concurrently, FIS will acquire Global Payments’ Issuer Solutions business at an enterprise value of $13.5 billion, with both transactions expected to close together in the first half of 2026 subject to approvals.

CCPA Group, a French animal nutrition company, has acquired Nutrisur, a Uruguayan animal nutrition premix company with more than 20 years of experience. The transaction will be executed through Euro-Nutec Premix, CCPA’s joint venture with Mexico-based Nutec Group, to expand CCPA’s presence in Latin America and strengthen service to regional customers.

ACA Group (ACA), a governance, risk, and compliance advisor in financial services, has acquired Global Trading Analytics (GTA), a provider of transaction cost analysis (TCA) and best execution solutions. GTA will enhance ACA’s regulatory technology capabilities and expand ACA’s offering of analytics-driven compliance and trading execution insights for financial services clients.

Siemens Digital Industries Software has completed the acquisition of DownStream Technologies, a provider of manufacturing data preparation and documentation tools for printed circuit board (PCB) design. The deal strengthens Siemens’ PCB design-to-manufacturing workflow offering and expands its reach in the electronics SMB market. Terms were not disclosed and the transaction closed on April 7, 2025.

Horizon Blockchain Games has rebranded and will now operate solely under the name Sequence. Alongside the rebrand, Sequence announced the strategic acquisition of Light, a pioneer in chain abstraction technologies, to strengthen its web3 development platform and simplify cross-chain development across the EVM ecosystem.

JM Test Systems, a provider of test and measurement equipment and calibration services, has acquired Canada's BHD Instrumentation. The deal expands JM Test Systems' footprint into Canada, with plans to grow locations and service offerings in partnership with BHD CEO Adam Hesse. JM Test Systems has been owned by Kanbrick since 2023 as part of a long-term growth strategy that includes geographic expansion and acquisitions.

Enverus, an energy-focused SaaS company, has acquired Pearl Street Technologies, a Pittsburgh-based provider of software automation solutions for power grid interconnection and planning studies. The acquisition adds Pearl Street’s SUGAR power flow engine and Interconnect platform to Enverus’ data, analytics, and power/energy transition offerings to help utilities, transmission providers, developers, and investors address interconnection queue backlogs and grid reliability challenges.

WNS (Holdings) Limited announced it has acquired Kipi.ai to expand its data, analytics, and AI capabilities, particularly around the Snowflake platform. Kipi.ai, headquartered in Houston, Texas, provides data modernization services spanning data engineering, advanced analytics, and data science, and the deal is expected to help accelerate WNS’ Analytics and AI practice across industries.

Bully Pulpit International (BPI) has acquired Propper Daley, a culture-first social impact agency founded by Greg Propper. Propper Daley will rebrand to BPI immediately, with its 25-person team integrating into BPI’s U.S. organization, while its entertainment philanthropy practice will continue as Propper Daley BPI. Financial terms were not disclosed.

Advantive, a mission-critical specialty software provider, announced it has acquired Commerce Vision, a B2B digital commerce platform serving Australia and New Zealand. The deal expands Advantive’s international footprint and strengthens its B2B eCommerce capabilities, including ERP-integrated commerce tools and Commerce Vision’s AI-driven purchase order automation product, Lucy.

Platte River Equity portfolio company TIPCO Technologies has acquired Flexline, Inc., a Kenilworth, New Jersey-based manufacturer of custom specialty hose assemblies with an emphasis on metal hoses. The acquisition expands TIPCO’s fluid conveyance solutions platform and represents TIPCO’s fifth add-on acquisition since partnering with Platte River Equity in December 2023.

Amerit Fleet Solutions acquired Vector Fleet Management to expand its fleet maintenance, repair, and parts management service offerings, particularly in state and local government and heavy industrial fleet segments. Vector will continue operating under its brand and leadership, while Amerit—backed by New Mountain Capital—broadens its nationwide end-to-end fleet solutions capabilities.

Apax Funds, advised by Apax Partners LLP, reached a definitive agreement to increase their equity stake in ECI Software Solutions, a cloud-based, industry-specific business management software provider. Following completion, Apax Funds will become a co-control owner of ECI alongside Leonard Green & Partners, and GIC will make a substantial new investment to support ECI’s continued growth.

B&R Auto, a portfolio company of Highview Capital, announced the acquisition of Highway 64 Truck and Auto Salvage. The deal expands B&R’s recycled automotive parts network into New Mexico and extends its Southwestern footprint into Texas for the first time. Highway 64’s Farmington, New Mexico operations will be integrated into B&R’s Western U.S. network to broaden product and delivery capabilities.

Gallant Capital Partners closed its acquisition of Navient Corporation’s Government Services business, known as NGS. NGS provides tech-enabled outsourced business processing for U.S. federal, state, and local government clients, including tolling and parking technology/services, call center support, revenue recovery, program management, and payment processing.

Opus Agency, part of The Opus Group, announced the acquisition of Asia-Pacific experiential marketing agency The Company We Keep (The CWK). The deal expands Opus Agency’s reach in fast-growing APAC markets by adding localized event and brand experience capabilities across Australia, Singapore, and New Zealand.

Handgards, LLC, a portfolio company of Wynnchurch Capital, acquired Inno-Pak, LLC, a sustainable food packaging provider headquartered in Delaware, Ohio. The deal adds Inno-Pak’s converting and sourcing capabilities and broad patent portfolio to expand and diversify Handgards’ foodservice-solutions platform across foodservice, grocery, convenience store, and hospitality end markets.

Sophos completed its all-cash acquisition of Secureworks for approximately $859 million, taking Secureworks private and ending its Nasdaq listing. The combination expands Sophos’ managed detection and response (MDR) and broader cybersecurity platform capabilities, including adding Secureworks’ Counter Threat Unit and advisory teams. Sophos is backed by Thoma Bravo, and Secureworks shareholders (including Dell Technologies) will receive $8.50 per share in cash.

CollisionRight acquired the seven-shop Mander Collision and Glass collision-repair MSO in the Milwaukee, Wisconsin area. The transaction is one of CollisionRight’s largest to date and expands its nationwide footprint to 115 shops, while Mander Collision and Glass will continue operating under its existing brand.

Easy Ice closed its first acquisition of 2025 by acquiring the ice machine rental division of Rose's Equipment & Supply in Portland, Oregon. The deal marks Easy Ice’s entry into the Pacific Northwest and will support expansion and a new regional branch to serve customers across Oregon and Washington.

NeuroFlow, a behavioral health technology and analytics company, announced it has acquired virtual mental and behavioral health platform Quartet Health in a deal expected to close at the end of January 2025. The acquisition adds Quartet’s behavioral health provider network and referral management capabilities, expanding NeuroFlow’s offerings and customer reach.

Pitcairn, a U.S. family office, acquired Brightside Partners, a UHNW-focused registered investment advisor based in Baltimore, Maryland. The deal strengthens Pitcairn’s alternative investments platform and coincides with the launch of Pitcairn Wealth Advisors LLC, a new RIA under the Pitcairn corporate umbrella. Following the acquisition, Pitcairn reports overseeing more than $9 billion of advised assets.

Risk Strategies acquired Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, two employee benefits-focused firms in the Greater Detroit area. The transaction expands Risk Strategies’ employee benefits capabilities and footprint in Michigan and the upper Midwest; financial terms were not disclosed.

Standard Solar acquired the Churchill Street Solar Farm from Sunfarm Solar, expanding its portfolio of operating solar assets in Massachusetts. The acquired 3.2 MW ground-mounted project is located in Pittsfield and is described as one of the largest solar systems in the Northeast.

Monomoy Capital Partners has sold Astro Shapes, LLC, a manufacturer of custom aluminum extrusions, to Wynnchurch Capital. Astro Shapes is headquartered in Struthers, Ohio and serves building products and recreational vehicle end markets through multiple facilities in the Midwest and Northeast United States.

Sorenson announced the acquisition of OmniBridge (an internal venture of Intel) and Hand Talk to accelerate innovation in AI-driven automated sign language translation. The combined technologies and teams are intended to enable bi-directional, real-time translation between American Sign Language and spoken English, including avatar-based translation capabilities.

Reconomy completed two U.S.-based acquisitions—Complete Solutions & Sourcing and Waste Focus—to expand capabilities and accelerate growth of its U.S. waste management platform, Lincoln Waste Solutions. Both businesses will integrate into Lincoln Waste Solutions, strengthening Reconomy’s waste and recycling services management offering across multiple customer segments.

Precision Products Group (PPG), a portfolio company of Auxo Investment Partners, acquired Cindus Corporation, a Cincinnati, Ohio-based manufacturer of crepe paper for electrical and industrial applications. The acquisition is intended to strengthen PPG’s insulation materials offering for the growing electrical transformer market and support investments to expand Cindus’ production capacity. Cindus will continue operating under its name and be managed locally by its existing management team.

The Colt Group, a provider of online industrial leak repair solutions, acquired RJ Stacey. RJ Stacey provides online leak repair, hot tapping, line stopping, and blast furnace repair, and founder/CEO Ryan Stacey will remain with the company. Financial terms were not disclosed.

CORA Health Services, Inc., doing business as CORA Physical Therapy, announced the acquisition of four One to One Physical Therapy clinics. The deal expands CORA’s outpatient rehabilitation footprint in South Florida, strengthening its presence in the Broward and Palm Beach markets.

Fresche Solutions acquired OmniData Insights to expand its capabilities in AI-enabled data and analytics modernization and broaden beyond its IBM i modernization roots. Backed by private equity firm American Pacific Group (APG), Fresche plans to combine OmniData’s Microsoft Fabric and analytics expertise with Fresche’s IBM i transformation offerings to serve customers across multi-platform environments.

LifePort, LLC, a portfolio company of Tower Arch Capital, has acquired PAC Seating Systems, LLC. PAC Seating will operate as a wholly owned subsidiary of LifePort, with existing operators Jad Azzi and Hector Marini continuing as investors and leaders in the combined business. The acquisition expands LifePort’s aerospace interiors and dynamic seating offerings and extends its geographic reach in the business jet and VIP aerospace market.

Highstreet Insurance Partners announced it has acquired Siebert Agency Ltd and its sister companies Russ Siebert Insurance and Mary Siebert Insurance Agency (collectively, Siebert Insurance). The acquired business will continue to be led by Bill Siebert, Tiffany Ruhland, Krista Siebert-Smith, and Joe Clay from its Fenton, Missouri office as part of Highstreet’s Central Region. Financial terms were not disclosed.

Auxo Investment Partners acquired Southeast Vegetation Management (SEVM), an Alabama-based provider of vegetation management services to U.S. railroads. SEVM will be integrated into Auxo’s railroad infrastructure maintenance platform under the Genesis Rail Company brand, expanding Genesis Rail’s vegetation management division alongside prior related acquisitions.

Trucordia acquired the insurance business of Rusty Healy Insurance Agency, an insurance agency based in Madison, Mississippi. The acquired business provides auto, home, business, and life insurance solutions, expanding Trucordia’s brokerage capabilities and local market presence.

Aptyx announced the acquisition of Medical Murray’s facility in Charlotte, North Carolina, which develops and manufactures catheter-based interventional products and transcatheter implants. The acquired site will be integrated into a newly launched business unit, Aptyx Interventional Systems, expanding Aptyx’s design/development and advanced manufacturing capabilities for OEM life science customers. Medical Murray will continue to operate separately through its two Chicagoland-area facilities.

CyberMaxx announced it has closed the acquisitions of Cybersafe Solutions and onShore Security to expand and scale its modern managed detection and response (MDR) services. The transactions add security resources, domain expertise, and enterprise-grade cybersecurity capabilities, with the combined organization operating under the CyberMaxx brand.

Del Monte Capital (DMC) completed a majority recapitalization of the Cornerstone companies, Cornerstone Excavating and Cornerstone On-Site Concrete. The businesses, which operate primarily in the Dallas–Fort Worth area, provide specialty excavation, underground utility installation, and on-site concrete production services for mission-critical infrastructure projects. Founder David Stocker will retain an ownership stake and support the business as a consultant, while President David Owen gained significant ownership and will continue to lead operations.

Docufree, a provider of cloud-based document management and process automation solutions, announced the acquisition of ImageAPI, which provides digital transformation services for state and local government agencies. The deal is intended to strengthen Docufree’s AI-driven SaaS and BPaaS capabilities in intelligent document management for public-sector (SLED) customers and expand its nationwide delivery and compliance-focused offerings.

Property Meld announced the acquisition of Mezo, an AI software company focused on residential work order intake, triage, and mitigation. The deal expands Property Meld’s AI capabilities by bringing Mezo’s virtual maintenance technician, MAX, to Property Meld customers to improve efficiency, data capture, and the resident experience.

Vortex Companies, LLC acquired Sancon Technologies, Inc., expanding Vortex’s trenchless water and wastewater infrastructure rehabilitation capabilities. Sancon, headquartered in Huntington Beach, California, brings specialized equipment, decades of experience, and an established presence across California and Nevada. Financial terms were not disclosed.

Loenbro, LLC acquired Revolution Industrial, a diversified industrial services provider based in Arizona. The deal expands Loenbro’s industrial service capabilities and regional reach across the Southwest United States, particularly in data center and infrastructure end markets. The acquisition was completed with the support of Loenbro’s investment partner, Braemont Capital.

National Safety Apparel (NSA) has acquired Warren Heim Corporation, a U.S.-based manufacturer of insulated bags for workers in the electrical utility market. The deal is NSA’s 15th acquisition since 2012 and the second since Blue Point Capital Partners’ May 2024 platform investment in NSA, strengthening NSA’s electrical safety product portfolio and U.S. manufacturing footprint.

Pikmykid announced the acquisition of Visitu to expand and strengthen its school safety platform, particularly in visitor and attendance management. The combination is intended to deliver an end-to-end campus safety and operations solution, integrating real-time visitor tracking with Pikmykid’s existing dismissal and school operations tools.

HouseWorks Holdings, LLC acquired Massachusetts-based home care providers O'Connell Care at Home and Best Home Care to expand its personal care services footprint in a core market. O'Connell Care at Home is based in the Springfield region and Best Home Care serves the Greater Boston area, strengthening HouseWorks' operations and staffing reach across Massachusetts. The transactions are HouseWorks' second and third acquisitions in Massachusetts since its partnership with InTandem Capital in December 2022.

Case IQ, a provider of investigative case management software and whistleblower hotline solutions, acquired Lextegrity, a compliance analytics and automation software company. The combination expands Case IQ into an end-to-end compliance and risk management offering by adding real-time compliance monitoring and analytics capabilities. Case IQ is owned by Resurgens Technology Partners, and Marks Baughan Securities LLC advised Lextegrity on the transaction.

GCM announced it has acquired the assets of Precision Swiss Products (PSP), expanding GCM’s precision machining capabilities and customer access. PSP’s assets include a state-of-the-art manufacturing facility in North Carolina. GCM is a portfolio company of Avista Healthcare Partners; financial terms were not disclosed.

ALKEME, an insurance brokerage, announced the acquisition of Professional Benefits Consultants (PBC), a benefits agency headquartered in Canton, Georgia. The deal expands ALKEME’s presence in the southern United States and strengthens its benefits consulting and health/Medicare-focused insurance offerings.

King Risk Partners announced the acquisition of Viper Risk Management Group, an independent insurance agency based in Saint Johns, Florida. The deal expands King Risk Partners’ ability to deliver tailored insurance and risk management solutions across multiple industries and strengthens its presence in Northeast Florida.

NeuroFlow acquired Intermountain Health's proprietary behavioral health analytics (risk complexity) model to incorporate it into NeuroFlow's analytics suite. The deal expands NeuroFlow’s analytics and AI capabilities and enables broader national deployment of the clinically validated risk stratification model to NeuroFlow clients starting in 2025.

Fernweh Group LLC acquired Wincore Window Company, LLC, a manufacturer of vinyl windows and doors for the residential market. The investment establishes a new Fernweh platform focused on the Building Products sector, with Wincore continuing operations under its existing senior management team.

AFM Capital Partners Inc acquired Bull's Eye Brands, Inc., which operates as Smart Mouth Pizza. Smart Mouth provides a branded food service program delivering restaurant-quality pizza to K-12 schools across the country, and the partnership aims to accelerate the company's growth and expand its offerings in the education foodservice market.

Adams Outdoor Advertising announced it has acquired Riley (Patriot) Outdoor, expanding its out-of-home advertising footprint in North Carolina, particularly the Piedmont Triad region. The deal adds Riley (Patriot) Outdoor’s inventory of 201 billboard faces and 7 digital displays across 12 counties in eastern North Carolina, strengthening Adams Outdoor’s market reach in the state.

Waste Eliminator, backed by Allied Industrial Partners, acquired Enterprise Landfill and Phillips Recoveries, a construction and demolition (C&D) and industrial waste landfill and waste hauling firm. The deal expands Waste Eliminator’s collection and post-collection infrastructure and strengthens its presence across Georgia and South Carolina; financial terms were not disclosed.

Vision Graphics, LLC, alongside Banner Capital Management, LLC, acquired Queen of Wraps, a Utah-based provider specializing in commercial vehicle wraps and large-format graphics. Queen of Wraps will operate as a wholly-owned subsidiary of Vision Graphics, while founder Bryan Griffith and the Griffith family will remain significant owners in the combined Vision Graphics business. Financial terms were not disclosed.